The Hindu Business Line : JK Paper net up 25 pc

JK Paper Ltd has announced a jump of 25 per cent in its net profit to Rs 41.22 crore for the financial year ended June 30. The company recorded gross sales and other income of Rs 733.20 crore, an increase of 7 per cent over the previous year.

Speaking on the occasion, Mr Harsh Pati Singhania, Managing Director, JK Paper Ltd, said, "During the year under review, the company achieved its highest ever sales, production, profits and exports.

It recorded a sale of 1,82,619 tonnes and a production of 1,72,461 tonnes of paper and market pulp. The overall capacity utilisation was 115 per cent during the year. Exports at 17,228 tonnes recorded a healthy growth of 67 per cent showing growing confidence in the company's branded products in international markets".

JK Paper has already paid an interim dividend on equity shares at 11 per cent amounting to Rs 3.03 crore. The directors of the company have recommended a final divided of 4 per cent on the enhanced equity capital, which will result in a total dividend of 15 per cent for the year on equity shares.

Total dividend outgo for the year including that on preference share and dividend distribution tax would be Rs 29.64 crore.

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JK Paper net up 25 pc